MUL - Multiemedia Limited

[TOP_GUN]

19% up in a few hours is faster than the slow fall down from say 7c which is about the time I became interested in MUL and started doing some homework. It will be interesting to here from the chart readers herein regarding the action of late.

I've a fair idea what some of the yet to be announced news could include, mostly in regard to cost structures and extra features I feel.

I have no idea how much new business is yet to be documented however I glean its a fair swag.

They go from famine to feast in informing the market, I trust we will see a steep rise from here, welcome your comments fellow MUL watchers.

Regards

TG
(I'll post this on the other board too)

 

[TOP_GUN]

e. & o.e. spieling I spelt Here instead of hear.. ear.. ear..

 

[TOP_GUN]

New news items on Newsat http://www.newsat.com.au

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NewSat has been awarded supplier status under the Federal Government’s Broadband for Health initiative.

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NewSat HiBIS offer
Coming soon.

All went up today from what I can see.

TG

 

[brerwallabi]

Well it looks after a lousy few weeks its heading north again 9 day av may be about to cross 26 day av need few more days to get some real indication but its looking better than it has for a while.

 

[kooka1956]

We have been waiting quite a while for announcements and these are pretty good . It,s nice to have the government helping you out . I reckon this will make the newspapers tomorrow and will create interest in the wider community . Having now broken the down trend line the chartists will also take an interest . Everything is looking positive . Regards KOOKA

 

[crocdee]

Re: MUL - Where to from here?

hi all
4.5c is the resistance level here and whilst it was broken earlier it was very weak. mul needs to break through this level significantly to move on to the next of 5c as i see it. volume and buyer strength has dropped significantly since opening. looks like we need another announcement to move things on again. just my thoughts comments anyone

regards croc

 

[brerwallabi]

Re: MUL - Where to from here?

Yep 4.5cps is were Mul has got to get through its why I sold @ that and just bought back @ 4.3 I see it now clawing back through the day and should finish @ 4.4 or 4.5. Will hold now. More announcements are sure to come as we near the meeting this will then should push Mul over 5cps. I am sure are lot of people with the revelations of yesterday will evaluate Mul dynamically again.

 

[stefan]

Re: MUL - Where to from here?

Well, I must say that was a disappointing day for MUL. I'd have hoped to see it close at 4.4. Anyway, I guess we are on track for more with this one so I return to the old waiting game for now. More news on the way? Excellent. I still hope they come up with more before the end of the month to keep the price moving... Pure speculation. I have no clue whatsoever if there is more news around the corner or not. But we will certainly know soon.

Happy trading

Stefan

 

[RichKid]

Re: MUL - Where to from here?

hi sefan
agree with your commnts. buy side getting stronger now. mul usually moves ahead of announcements looks like still more to come before the agm.
still hope you win the comp

regards croc

Speaking of the AGM- does anyone know the date off the top of their head?

(Good luck with the comp Stefan because it looks like everyone's into MUL now, they'll all be happy if it goes up.)

RichKid

 

[stefan]

Re: MUL - Where to from here?

Richkid,
There's a general meeting on the 10th of September but there hasn't been a date set for the annual shareholder meeting as far as I know.

Happy trading

Stefan

 

[RichKid]

Re: MUL - Where to from here?

Richkid,
There's a general meeting on the 10th of September but there hasn't been a date set for the annual shareholder meeting as far as I know.

Happy trading

Stefan

Thanks Stefan, I hope the meeting is to announce good news!
RichKid

 

[stefan]

Re: MUL - Where to from here?

Thanks Stefan, I hope the meeting is to announce good news!

Unfortunatelly this is not the case. The meeting is to approve another 30 million options issued to Findlay for some unspecified financial services.

Read this very amusing article in the australian:

http://www.theaustralian.news.com.au/common/story_page/0,5744,10567687%5E16942,00.html

Happy trading

Stefan

 

[tarnor]

Re: MUL - Where to from here?

More news today thier certaintly coming through with the announcements. Not holding currently

 

[stefan]

Re: MUL - Where to from here?

MUL launches satellite Voice over Internet Protocol (VoIP) service. Good news again. Now let's hope that they can get the customers for it.

Happy trading

Stefan

 

[Porper]

Re: MUL - Where to from here?

I'm a bit of a newbie so excuse me for maybe a dumb question.We have had 3 good announcements now and the share price hasn't been set on fire yet(Hopefully that will come),I have noticed with some other "high risk" stocks they seem to go up 20 odd % with a few good announcements then usually drift all the way back and even lower than they were originally, is this the norm for these types of stocks ?.Maybe the tech stocks are out of favour at the moment.
Anyway after a bit of newbie research and reading what you boys talk about I got in a couple of weeks ago for 80,000 shares (nothing for you guys but a lot for somebody new into shares).
I am really pleased with the announcements and if people catch on to the voip service we could be rich in a few months !!
Excellent forum by the way.

 

[stefan]

Re: MUL - Where to from here?

Porper,

We have had 3 good announcements now and the share price hasn't been set on fire yet

The price has gone up by 19% after the news which is a lot in anybody's terms. Anyway, I see what you mean. You'll have to understand the background of MUL. It's probably the most hated/loved stock on the ASX and people like to play with it. Management sucks and the fact that they are giving away options for free to "friends" or related businesses is not going to help the price. MUL has built the 2 way sat solution and has yet to proof that they are able to make ANY money out of it. They are full of "potential" and "significant deals" that are about to happen but still they are making a loss and they are going to do so for 2004 for which a profit was originally forcast by Findlay which just happens to be the company who keeps getting options for free in exchange for "financial services".

In short: This stock stinks big time. It's only the potential of their new solution that keeps me holding shares. If it was for a longterm investment based on some fundamentals, then I'd never put a cent into the pockets of these clowns. Management has only one goal. They want to get rich together with a close circle of "insiders".

The news we saw the last few days is all good and will help MUL to build support for further growth.

is this the norm for these types of stocks ?.Maybe the tech stocks are out of favour at the moment.

Yes, it's the norm. No, it's not that certain sectors are out of favour. If you are looking for something like the "tech boom" where stocks used to run several dollars in a day based on some rather questionable news, then you will find that there is no such thing in the market at the moment. So "everything" is out of favour if you like.

I got in a couple of weeks ago for 80,000 shares (nothing for you guys but a lot for somebody new into shares).

It doesn't matter how many shares you buy. As you said, it's a lot for you and that's all that counts.

we could be rich in a few months !!

I highly doubt that. We could see a nice increase in the share price but the "big" run is months away. First the market will have to come to terms with another 30 million options and the loss for 2004. Then we will have to see a significant improvement in the first half of 2005. (Unfortunately MUL is only releasing half yearly reports, so we have to wait a long time until the next figures come out.)

So, my view is that the price will be going up within weeks or months, maybe back to where it was a year ago (10 cents area) based on more good news, as long as management stops playing games. Once we have proof that it works (i.e. profit for first half) the price will go MUCH higher.

Therefore you have to come to your own conclusion as to how much you are willing to risk with MUL. You can take a profit whenever there is one around or you can hold for the "potential". You may read the famous Findlay report which can be found on the multiemedia website. That gives you an idea of the "potential". But keep in mind that they already failed to deliver the numbers mentioned in there, even if they have some good reasons as to why it didn't work out.

Happy trading

Stefan

 

[luckier]

Re: MUL - Where to from here?

We have had 3 good announcements now and the share price hasn't been set on fire yet(Hopefully that will come)

A new service to be launched, is it good or not? well, it depends how do you see it. i see it as good. but the market see it in the opposite way, so the SP is down. i guess that is because they see it in the cash flow point of view. the cash will flow out because of the launch of the new service in the near future. i do worry whether the management team will use it as an excuse to issue more new options at 0.1cent because they deadly need more cash again. they will be starving because they use all money developing the business and woolworth wouldn't give them food.( , just a joke, and i do hope it just a joke). Only when cash flowing in would the SP rocketing.

Now it is the time to think about what to do with your money. Can you put it aside and wait for the golden time to come, or you would rather hunting for other chances? that's up to you to decide. i will hold because i believe communication is hot and voip is booming in the next few years. And the mul's business is developing. i don't worry the golden time won't come unless the management team betray their shareholders.

when a business is developing, you have to wait for the best to come. leave the best to the last. so forget the up and downs, i am not a trader, i just get ready for the best.

 

[Phil]

Re: MUL - Where to from here?

Good afternoon everyone,

I am only new to this forum, but from what i have read it seems to be a bit more of rational discussion about stocks rather than "junk mail" like some other boards.

At the moment I am travelling around (some work, some pleasure) so i have not been able to read the Notice of Meeting and Explanatory Memorandum they posted out, but I have a few questions to ask that hopefully somebody here can answer.

1. What exactly constitutes "Issued in return for provision of investor relations services and financial and securities advice"?
I seem to recall reading somewhere that one of the large beneficiaries of these options was a Chinese investment company. Is it correct to assume that if they are giving options to them then they have actually provided them with some lucrative contacts/contracts?

2. Does anyone else feel uncomfortable about Findlays receiving nearly $3.8m options at todays mearket rate (ie 95,000,000 * 4 cps) for "The provision of Financial advisory services"......does that mean they were paid $3.8m for helping raise $3.5m from their own clients?
What will Findlays do if the shareholders reject these options?

3. In the opening brief about the General Meeting there was a sentence which has me a little bit worried.....it says that they don't really need to approve these shares, however the reason they are asking for shareholder approval is so they can issue more options in the future....am i correct to be a little concerned about this?

Like some of others I have faith in the technology more than the board, and since I am in a position where I can afford it, I will hang on to them.

Keep up the good posts and look forward to hearing your thoughts.

Philip

 

[stefan]

Re: MUL - Where to from here?

Phil,

Here's what I have to say to the points you mentioned:

1. What exactly constitutes "Issued in return for provision of investor relations services and financial and securities advice"?
I seem to recall reading somewhere that one of the large beneficiaries of these options was a Chinese investment company. Is it correct to assume that if they are giving options to them then they have actually provided them with some lucrative contacts/contracts?

No. In return for provision of investor relations services and advice means that they paid Findlay an other rather funny sounding companies like "Roar Consulting" and "Captain Starlight Nominees" in options and shares to receive "advice". The type of advice has not been specified in more details anywhere and I highly doubt that it would look good if they would release this information.

2. Does anyone else feel uncomfortable about Findlays receiving nearly $3.8m options at todays mearket rate (ie 95,000,000 * 4 cps) for "The provision of Financial advisory services"......does that mean they were paid $3.8m for helping raise $3.5m from their own clients?

You will easily find many statements in this thread from unhappy shareholders regarding this issue. Findlay was issued a total of 95 million shares/options in the past year. You do the math....

What will Findlays do if the shareholders reject these options?

I don't know, but I'm willing to find out by voting against the new issue. Most likely MUL will have to pay them in dollars instead.

3. In the opening brief about the General Meeting there was a sentence which has me a little bit worried.....it says that they don't really need to approve these shares, however the reason they are asking for shareholder approval is so they can issue more options in the future....am i correct to be a little concerned about this?

No. It's common practice. Companies can only issue a certain percentage of new shares during the year. If they want to issue more, they will require shareholder approval. What they are saying is that the current amount of shares they have issued so far does not require the approval of shareholders. They are asking for it, so that they can issue new ones, should the need arise, without having to ask shareholders first. This can take a considerable amount of time to arrange.

If you are concerned in general about the number of shares issued, then yes, that's one of the main reasons why the price doesn't increase after news. Nobody is trusting them and there is a reason for it. You can't just issue millions of options for services that nobody knows anything about it. It may look good if you don't spend millions of dollars and it keeps the debt low, but at the same time it completely ruins the share price.

Happy trading

Stefan

PS: Vote AGAINST the Findlay payment. The more NOs they are getting, the more they will start thinking. So far they had an easy game in getting what they want. It's time to make a point.

 

[luckier]

Re: MUL - Where to from here?

I will definitely note AGAINST for my shares.

here is news about voip from yahoo. http://biz.yahoo.com/fo/e-gang04_article1.html
And i still remember that i read an artical a few months ago saying that voip would be the next boom after 2000 tech boom.


Talk to Me

By Elizabeth Corcoran

The former Ma Bell has had a bruising year. AT&T has lost almost a third of its market value, gotten booted out of the Dow Jones industrial average after a 65-year run and retreated from the business of providing consumers with plain old telephone service. Luckily, 18 months ago a 24-year AT&T veteran named Cathy Martine began pushing the company into something new: VoIP (Voice over Internet Protocol), zipping phone calls over the Internet.

In March 2003 Martine was set to propose a VoIP test to AT&T brass, but she got bumped at the last minute. So Martine sidestepped AT&T protocol and zapped her plan directly to AT&T Chairman David Dorman by e-mail. He okayed it in hours. Now Net phone service is a big priority at AT&T.

VoIP turns your analog voice into digital bits, using an existing DSL or cable modem to zip it across the Internet (or, in AT&T's case, its private data network). Once digital, telephone service changes radically. You can adopt any area code you want, no matter where you are based. Callers can ring your home, mobile and office phones all at once, and unwanted callers can be selectively turned away. You can even download voice mail messages from a laptop in Singapore.

Small outfits such as Vonage (with 215,000 customers) and Net2Phone (100,000) took early plunges into VoIP, but AT&T could yet outrun them. Martine's service, CallVantage, is slated to be available in 39 states and Washington, D.C. by late August. She wants a million consumers and businesses using CallVantage by the end of 2005 but won't say how many callers have signed up so far.

AT&T researchers had been noodling around with VoIP for a decade, but as recently as 2002 the business side was dubious: Too few households had broadband Internet connections (and only 20% do today). Call quality was unreliable, and the service dies in a power blackout. "The feeling was, ‘No one will want to buy this from us,'" Martine says. "I looked at it the opposite way and asked, ‘Why not?'"

In five years AT&T had poured an estimated $3 billion into a digital overhaul of its backbone network. Martine argued that by spending a few tens of millions more on marketing and software, AT&T could have a compelling and high-quality service for consumers. Businesses would follow.

Once Martine got Dorman's assent, just four months later her group was rolling out service to the homes of 900 AT&T employees in three states. They loved the service but hated the original name: Consumer Digital Solutions. "They told us not to AT&T-ize it," Martine says. She listened, switched to CallVantage and aims to give customers more Net: games, movies, music, as long as it is digital. Says Martine: "It's the art of the possible."

i don't mind the short-term share price as long as mul can move ahead and lead the tech. will the CEOs be good enough to take that challenge?